Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Funding/M&A

Intel Acquires PasswordBox

Intel announced on Monday that it has acquired PasswordBox, a Montreal-based identity management service that enables users to log into websites and applications without having to type or remember passwords.

Intel announced on Monday that it has acquired PasswordBox, a Montreal-based identity management service that enables users to log into websites and applications without having to type or remember passwords.

PasswordBox, which been downloaded 14 million times, utilizes a one-tap (for mobile devices) and one-click (in browsers) login to provide secure access from any consumer device, and will become a part of Intel Security.

Terms of the transaction, which has already been completed, were not disclosed.

Intel said that it would incorporate PasswordBox’s current and future technologies to help consumers reduce “password fatigue” and incorporate PasswordBox with new, user-friendly authentication technologies that enable users to get the benefit of improved security in a way that is simple to set up and use.

“Everyone can relate to password fatigue,” said Chris Young, senior vice president and general manager of Intel Security Group. “Intel Security and PasswordBox share the same goal of improving digital identity protection across all devices and platforms. We believe we have the technology, expertise and reach to bring simple, secure access to consumers worldwide.”

PasswordBox was founded in 2012 and had 48 employees, all which have joined Intel Security.

According to Intel, the acquisition will support future innovations that will be announced at a later date.

“PasswordBox has spent the last two years building a product that people love, trust and use around the world every day,” said Daniel Robichaud, CEO and co-founder of PasswordBox. “We share Intel Security’s vision of simple, secure access and identity protection across all platforms and devices. Together, we believe we can offer our customers world-class technology, expertise and support to bring such access anywhere – all backed by Intel.”

Written By

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Identity & Access

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the...

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Funding/M&A

Tenable has launched a $25 million venture fund to place bets on early-stage startups in the exposure management space.

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.

Management & Strategy

Microsoft making a multiyear, multibillion dollar investment in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools.

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.